Wed, 27/02/2008 - 18:10
Investor returns of between eight and 11 per cent a year without the attendant risks of pure equity-based investment are being highlighted in a drive to raise the profile of the Assured Fund, a life product based on the hugely successful US Senior Life Settlements market.
Managed by Policy Selection, the performance of the Asssured Fund is being brought to the attention of UK IFAs looking for alternative, high return asset classes which will allow investors to secure potentially excellent gains in a climate where high volatility in the equity markets is seeing many investors looking for more reliable investment vehicles.
Assured Fund invests in US life assurance policies being sold on the second hand traded market by elderly US citizens - the typical age of policy holders is between 75 and 85. Reflecting similar products in the UK, the US-based policies carry a guaranteed death benefit and the sum assured.
When the policyholder dies, the full sum assured is realised, with the Assured Fund then receiving the proceeds.
'The market for these policies is developing at a rapid rate, and is now worth well over USD10 bn,' says PSL business development director, Rogan Redfarn.
'The two key sterling share classes - B and C - allow investors to access the fund, typically for a six year period. Given the current volatility in global stock markets, independent financial advisers looking for a core capital growth investment alternative to with profits funds will find the excellent returns very attractive for their clients.
'It is also a highly suitable vehicle for self invested personal pensions, for example, and hands on investors will take comfort from the fact that the Assured Fund has an outstanding four year track record showing solid capital growth since 2004,' adds Redfarn.
The Assured Fund is available for investment through IFAs who will receive a 4 per cent commission fee, and minimum investment into the B share class (recommended for UK investors) is £10,000.
Policy Selection was established in 2003, and is specifically designed to specialise in the US Senior Life Settlement market. With around USD348m in assets under management. PS is a private limited company registered in the Cayman Islands.
The Assured Fund is an independent company with its own board of directors. The fund is audited by PriceWaterhouseCoopers, Douglas, Isle of Man, and has been evaluated by Deloitte & Touche.
The fund's management fee - 0.75 to 2.25 per cent depending on share class. A PDF is available giving full details on the fund's structure/charges/authorisation etc.
Further incremental investments of GBP1,000 are permitted. For more details on the Assured Fund/PSL go to www.policyselection.com or call 0870 351 2920.
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